ARC Resources (OTCMKTS:AETUF) Shares Pass Below 50-Day Moving Average – What’s Next?

ARC Resources Ltd. (OTCMKTS:AETUF)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $17.49 and traded as low as $16.77. ARC Resources shares last traded at $17.07, with a volume of 3,596 shares changing hands.

ARC Resources Stock Performance

The business has a 50-day simple moving average of $17.49 and a 200 day simple moving average of $17.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $10.20 billion, a PE ratio of 11.53 and a beta of 1.12.

ARC Resources (OTCMKTS:AETUF) last released its earnings results on Thursday, August 1st. The energy company reported $0.29 EPS for the quarter. ARC Resources had a net margin of 22.19% and a return on equity of 15.68%. The company had revenue of $842.85 million for the quarter. Equities research analysts forecast that ARC Resources Ltd. will post 1.27 EPS for the current year.

ARC Resources Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.1251 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a yield of 2.96%. This is an increase from ARC Resources’s previous dividend of $0.12. ARC Resources’s dividend payout ratio is currently 33.78%.

About ARC Resources

ARC Resources Ltd. engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada. It primarily holds interests in the Montney basin located in Alberta and northeast British Columbia. ARC Resources Ltd. was founded in 1996 and is based in Calgary, Canada.